Martin Robert Ferron Purchases 4,000 Shares of North American Construction Group Ltd. (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron purchased 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average price of C$23.21 per share, with a total value of C$92,835.60.

Martin Robert Ferron also recently made the following trade(s):

• On Monday, March 24th, Martin Robert Ferron purchased 4,000 shares of North American Construction Group stock. The stock was purchased at an average cost of C$23.31 per share, for a total transaction of C$93,236.00.
• On Wednesday, January 1st, Martin Robert Ferron sold 6,209 shares of North American Construction Group stock. The stock was sold at an average price of C$31.60, for a total value of C$196,204.40.

North American Construction Group Stock Down 5.3 %

TSE NOA traded down C$1.28 on Thursday, reaching C$23.02. The company had a trading volume of 95,990 shares, compared to its average volume of 85,718. The firm has a 50-day moving average of C$26.16 and a 200-day moving average of C$26.96. The firm has a market capitalization of C$616.18 million, a PE ratio of 10.82, a P/E/G ratio of 0.79 and a beta of 1.59. North American Construction Group Ltd. has a 1 year low of C$21.88 and a 1 year high of C$31.91. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79.

North American Construction Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Thursday, March 13th. North American Construction Group’s dividend payout ratio is presently 18.81%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NOA shares. BMO Capital Markets cut their price objective on North American Construction Group from C$35.00 to C$34.00 in a research report on Thursday, March 20th. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Raymond James raised North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target for the company in a report on Thursday, January 30th. Ventum Financial cut their price target on shares of North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, Canaccord Genuity Group upped their price target on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, North American Construction Group currently has a consensus rating of “Buy” and an average target price of C$37.38.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.